UK inflation is projected to fall faster than expected, dropping below 2% this year

CPI inflation forecasts

March 2024 forecast

November 2023 forecast

10%

8

6

Government

target rate 2%

4

2

0

2010

2015

2020

2025

March 2024 forecast

November 2023 forecast

10%

8

6

4

2

Government

target rate 2%

0

2010

2015

2020

2025